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Q&A with Steve Bauman, Head of Global Programs & Captive Practice in North America, AXA XL

Q&A with Steve Bauman, Head of Global Programs & Captive Practice in North America, AXA XL

Captives can provide your organization with flexibility in financing the myriad emerging risks it encounters. AXA XL’s Steve Bauman spent some time with us to help explain the pros and cons of using them.

What are some current or emerging risks that lend themselves particularly well to captives?
The first emerging risk that comes to mind is cyber – it’s new, potentially volatile and costs could be uncertain, but it could very well be suited for captive utilization if structured in a prudent manner understanding that captive utilization is a long-term venture.